会计英语_Accounting_English.pptVIP

Conceptual Framework Underlying Accounting;Learning Objectives;Learning Objectives;Main Contents;1.1 Introduction of Accounting; Accounting has a long history. Ancient accounting evidences were found in China, Babylonia, Greece, and Egypt. In the fifteenth century, Luca Pacioli, an Italian, established a system of record keeping which came to be called “double entry”. “It is one of the most beautiful inventions of the human spirits, and every good businessman should use it in his economic undertakings,” said Goethe, the German poet.;1.1 Introduction of Accounting;1.2 Financial Accounting ; Financial accounting measures an enterprise’s performance over time and its position (status) at a point in time, and does so in Canadian dollars, US dollars, yen, euros, or whatever currency is judged relevant to the enterprise. ;1.3 Fundamental Concepts;Qualitative Characteristics of Accounting Information;9. understandability;In USA, the QCs are as follows:;Basic Elements;Basic Elements;Basic Equation;1.4 Recognition and Measurement Concepts;Basic Assumptions of Accounting;Basic Principles of Accounting;Modified Basic Principles; The revenue recognition principle requires that revenue be recognized at the time it is earned. The following three points are essential to understanding the revenue recognition principle: (1) The inflow of assets associated with revenue does not have to be in the form of cash. (2) Revenue is earned at the time services are rendered or at the time title to goods sold is transferred. (3) The amount of revenue equals cash received plus the cash equivalent of other assets received. ; The materiality principle indicates that the requirements of accounting principles may be ignored if their effects on the financial statements are unimportant to users. An accountant makes a judgment by considering whether an amount is large enough to influence or change the decision of people who rely on certain information. If the amount does not